Performance

Reports

Driving Climate Action

Climate change is a deep emergency. Fortunately, there is a clear, sustainable path toward environmental recovery. To reverse the distressful effects of the climate crisis, the reduction of GHG emissions in the atmosphere is imperative.

Absolute emissions (in MtCO₂e)

Our Emissions in 2021

Scope 1: Direct GHG emissions generated
114% increase mainly due to Meralco’s acquisition of Global Business Power to help address the Philippine power supply imperative

Scope 2: Indirect emissions from purchased electricity from the grid
1.1% increase primarily due to higher system loss volume as a result of demand shifting towards residential consumption

Scope 3: Indirect emissions from value chain
2.7% increase due to greater energy distributed in light of the country’s post-pandemic recovery

Our Emissions Reduction Initiatives

Green Mobility Program

We launched the Green Mobility Program to reduce our Scope 1 emissions. We have deployed 156 electric vehicles (EVs) including cars, vans, pickup trucks, and motorcycles to cater to the transportation needs of our Business Centers and Sector Offices.

Resource Conservation & Efficiency Program

Our Resource Conservation and Efficiency Program aims to lower our Scope 2 emissions, particularly from our own electricity consumption. We aim to power our headquarters in Pasig City with 100% renewable energy (RE) by 2030.

Clean Energy Transition

We have made purposeful strides in our just, orderly, and affordable transition to clean energy. In 2021, we commissioned a 55-MWac solar farm in San Miguel, Bulacan.

Championing the Race to Zero Waste

Improper waste disposal is a bane to the planet. Yet we can minimize our impact on our natural environment through effective waste management—ultimately preventing the pollution of our rivers and oceans as well as the destruction of ecosystems.

Waste Diversion Rate

Our Waste Diversion Initiatives

Waste Diversion Rate Improvement

Our Race to Zero Waste Program aims to minimize Meralco’s waste generation across all our facilities and reduce our waste disposal in landfills. o In 2022, we achieved a 95.7% solid waste diversion rate, up by more than 10 percentage points from 2021.

Single-Use Plastic (SUP) Ban

Our Group-wide single-use plastic ban was put in place to eliminate plastic waste generation across our facilities. Since its launch, we have collectively avoided around 350,000 kilograms of SUPs.

#HealthWithoutHarm

#HealthWithoutHarm aims to increase awareness on the proper disposal of infectious wastes within our facilities. We provided yellow bins and assigned temporary storage facilities for the safe and responsible management of our COVID-19 waste.

Sustainability Reports

We report our sustainability performance annually using key environmental, social, and governance (ESG) metrics aligned with the requirements of the Philippine Securities and Exchange Commission (SEC), sustainability standards organizations (such as Global Reporting Initiative and Sustainability Accounting Standards Board), and ESG rating agencies.